MWALIMU COMMERCIAL BANK PLC (MCB) — FY 2017
Earnings report for MWALIMU COMMERCIAL BANK PLC (MCB) for FY 2017 (iliyotolewa 26 Mar 2018). Key highlights and the PDF statement below.
Market: Closed
DSE (Dar es Salaam)
Highlights
- Net loss for the year was TZS 4,271,189 thousand (2016: TZS 729,629 thousand loss).
- Total assets increased by 12.43% from TZS 33,612,000 thousand in 2016 to TZS 37,796,434 thousand in 2017.
- Loans and advances to customers grew by 1,745% to TZS 11,194,713 thousand (2016: TZS 606,622 thousand).
- Deposits from customers were TZS 5,477,827 thousand, representing a 281% growth from TZS 1,436,369 thousand in 2016.
- Cost to income ratio increased to 225% in 2017 (2016: 119%).
- Return on assets was -10.76% and Return on equity was -15.00%.